All Forum Posts by: Steve Haight

@Michael Bailey

Welcome,

Welcome to Las Vegas and b/p community,

There are some good meetups in town, Jon Lee has a good meetup he has outback real estate investment network, hope to see you there.

Matt,

Money is made on the buy side so the question to start is are you paying retail? I always have a pocket full of investors ready as I always use opm to fund deals. I would set up an llc and create an operating agreement and go fund it. I am giving you just general advice, I would have to see the numbers and porformas to really know what I could do with the property. My investors want to see a complete package detailed before they would fund and most deal makers fall short in putting the right package together to get investors to fund deals. Good luck

Matthew,

Look south across the border, I was born in Canada but have invested all my life in the U.S. Need any other advise get back to me. Good luck here on b/p.

@Daniel Byrd, one less thing to worry about, find out everything about the tenant, all documentation should be available to you including the proformas, including tenants credit report and payment history, if they cant provide the docs, move on.

@Benjamin Cowles, get references, had a contractor that I asked for references from and he would never deliver and I hired him anyway, big mistake on my part.

Moses,

Welcome here to b/p, my advice, keep your cc in your pocket for now. 20k is a drop in the bucket, they will up sell you to 40k once you start drinking the koolaide. I started in real estate with a mentor and it served me well. Go to meetups ask around on this forum, what value can you bring to the table? You will find a mentor if you look in the right place. Good luck. I started in the land business in Sandy Valley btw!! 

Steve,

There are lots of real good note guys here on b/p and online, that have monthly newsletters and info for people just like you. I have always been a firm believer on furthering my education and will invest every year for more knowledge. Just like b/p, there is a wealth of great education on just about every nich in real estate for the price of your monthly dues here, yet people will still go spend thousands somewhere else. What are you really getting from paying 2k is the question and who is already in the group you could collaborate with to make the 2k investment worthwhile? Good luck!

Kayla,

Welcome here to b/p, I have been here for close to 6 years and have met some great connections here on b/p. Your question is popular with people getting started in real estate. I started in real estate when I was your age 27 and I found a mentor that was a land guy with no real estate licence. So he taught me how to operate as a principle not a realtor. There are pros and cons on both sides of the fence. The first question to you is you want to invest or sell real estate and make a commission, start with that question first and go from there. If you have a licence someone can always take it away from you? I have been doing deals for close to 40 years and never had a licence and did many deals. Hope this helps some.

Chris,

Welcome to b/p, I am sure you will enjoy it here! I have been on B/P for about six years and have met some great connections here.  I like to pay it forward as much as I can, hope to see more of you and any questions let me know!!

Andrew,

Great idea, tiny homes are the craze. Developers I know have a contract in China with shipping containers to build storage unit parks. Lots cheaper to import from China I would assume? Cost per square feet is quite cheaper that building the buildings from the ground up.